Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for OECD
OECDLFUNTTTTSTQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,880,320.00
Year-over-Year Change
-1.78%
Date Range
1/1/2007 - 1/1/2025
Summary
This economic trend measures total unemployment for individuals aged 15 and over in OECD countries. It provides key insights into labor market conditions and the overall health of the economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for OECD trend tracks the number of unemployed people in OECD member states. It is a crucial indicator used by economists and policymakers to assess labor market dynamics and guide economic policy decisions.
Methodology
The data is collected through national labor force surveys conducted by OECD member countries.
Historical Context
This trend is closely monitored by central banks, governments, and international organizations to inform monetary and fiscal policies.
Key Facts
- OECD unemployment data covers 37 member countries.
- Unemployment rates vary significantly across OECD nations.
- The trend is released on a quarterly basis.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unemployed individuals aged 15 and over in OECD member countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides crucial insights into the labor market conditions and overall economic health of OECD nations, which are important for guiding economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by OECD member countries.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by central banks, governments, and international organizations to inform monetary and fiscal policies.
Q: Are there update delays or limitations?
A: The trend is released on a quarterly basis, and the data may be subject to revisions and delays in some OECD member countries.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for OECD (OECDLFUNTTTTSTQ), retrieved from FRED.